October 27, 2005

Another Bullshit Oil Story

Besides the fact that I still need to fix the brakes on my car, this story makes me all the more belligerent about riding my bicycle these days:

Exxon Mobil Corp. on Thursday posted a quarterly profit of $9.9 billion, the largest in U.S. corporate history, as it raked in a bonanza from record oil and gas prices.

While profit was up 75 percent and revenue rose 32 percent to more than $100 billion, the results fell short of Wall Street forecasts due to production outages caused by Hurricanes Katrina and Rita and sharply lower profit at the company's chemicals division.